Int'l : +1-503-894-6022 | Toll Free : +1-800-792-5285 | help@alliedmarketresearch.com
A16956 | Pages: 286 | Charts: 56 | Tables: 118 |
The global robotic sensors market size was valued at $1.8 billion in 2021, and is projected to reach $4.9 billion by 2031, growing at a CAGR of 10.78% from 2022 to 2031.
Robotic sensor is a device used to evaluate the environment in which the robot is operating and allows the robot to adjust actions based on collected data. The use of robots has increased significantly over the study period as a result of the advent of Industry 4.0 and digitization. The utilization of industrial robot sensors in robotics is anticipated to grow rapidly during the forecast period as robotics developments lead to flexible production models. Furthermore, robotic sensors industry is predicted to witness notable demand as autonomous and collaborative robot deployment increases across end-user sectors. Rise in need for automation and safety in organization and availability of affordable, energy-efficient robots drive the growth of robotic sensors market share. In addition, rise in labor & energy costs and increase usage of robotic sensor in different industry vertical fuel the growth in robotic sensors market forecast.
However, limited shelf life associated with robotic sensors may hinder the robotic sensors market outlook. Furthermore, growth in adoption of robotics technology in emerging economies and increase use in adverse applications are expected to provide lucrative opportunities for the robotic sensors market growth.
Get more information on this report : Request Sample Pages
The global robotic sensors industry is segmented into type, vertical, and region.
[TYPEGRAPH]
By type, the market is segregated into force/torque sensor, proximity sensor, vision sensor, position sensor, temperature sensor, and others.The force (torque) sensor segment was the highest revenue contributor to the market, with $589.3 million in 2021, and is estimated to reach $1,635.6 million by 2031, with a CAGR of 10.87%. The proximity sensor dominated the market, in terms of revenue, in 2021, and is expected to follow the same trend during the forecast period.
[VERTICALGRAPH]
On the basis of vertical, the market is fragmented into logistics, defense and aerospace, manufacturing, healthcare, and others.On the basis of vertical, the market is fragmented into logistics, defense and aerospace, manufacturing, healthcare, and others. The manufacturing segment dominated the market with $549.2 million in 2021, and is estimated to reach $1,602.9 million by 2031, with a CAGR of 11.43%.
[REGIONGRAPH]
Region wise, the robotic sensor market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, and rest of Europe), Asia-Pacific China, Japan, India, South Korea, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific, specifically the China, remains a significant participant in the global robotic sensor industry. Major organizations and government institutions in the country are intensely putting resources into these sensors.
The market top impacting factors include rise in need for automation and safety in organization and availability of affordable, energy-efficient robots. In addition, rise in labor & energy costs and increase usage of robot touch sensor in different industry verticals impact the growth of the market. Furthermore, the market growth is affected by limited shelf life associated with robotic sensors. In addition, increase in investments in aerospace robotics influence the market growth. However, each of these factors is expected to have a definite impact on the growth of the market in the coming years.
The key players profiled in this report include Baumer group, Fanuc Corporation, FUTEK Advanced Sensor Technology, Inc., Honeywell International Inc., ATI Industrial Automation, Inc., Infineon Technologies AG, OMRON Corporation, Sensata Technologies, Inc., TE Connectivity Ltd., Tekscan, Inc., Keyence Corporation, Cognex Corporation, Ifm Electronic, and Schneider Electric. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, regional expansion, and collaborations to enhance their market penetration.
Key Market Segments
Key Market Players